AUDUSD Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are definitely looking bullish here on AU but we can see price action is curving out a bit.
Ideally we see AU pullback to form structure closer to our 0.74000 support level and form a higher low.
Look to target higher toward 0.76000 resistance.
Trade scenario 2: For us to consider AU bearish we would need to see a break of 0.74000 support with a lower high below.
Weekly Trend: Bullish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: We are definitely looking bullish here on AU but we can see price action is curving out a bit.
Ideally we see AU pullback to form structure closer to our 0.74000 support level and form a higher low.
Look to target higher toward 0.76000 resistance.
Trade scenario 2: For us to consider AU bearish we would need to see a break of 0.74000 support with a lower high below.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.